Fiserv Inc.’s $22 billion acquisition of First Data Corp. cleared a U.S. Department of Justice review, the company said Thursday. In April, the Justice Department asked for more information and documents related to the deal, but, according to a Fiserv filing with the Securities and Exchange Commission, the DoJ attached no conditions …
Read More »UPDATED: As LG Pay Makes Its (Belated) U.S. Debut, Observers Question Its Likely Impact
Add LG Pay to the multitude of U.S. mobile-payment options. LG Electronics USA announced Tuesday the mobile-payment service is available on select LG smart phones. The move comes a year later than LG initially said it would. LG Electronics Inc., the parent company of LG Electronics USA, introduced LG Pay …
Read More »Facebook’s Calibra Chief Marcus Runs Into Stiff Headwinds on Capitol Hill
Facebook Inc.’s Calibra wallet will generate revenue for its parent by stimulating incremental advertising but the proposed Libra cryptocurrency will also work with competing wallet apps, the company’s point man for Calibra said Tuesday. David Marcus, head of Calibra for the huge social network, said in prepared remarks that the new …
Read More »Park Place Payments Debuts and other Digital Transactions News briefs from 7/10/19
A payments provider called Park Place Payments launched with a direct sales force made up of women and an offer of advanced technology coupled with transparent pricing. Lime, which offers electric scooters for urban transport, has contracted with payout service Hyperwallet to pay so-called juicers, a network of contractors that …
Read More »Two Months on, Uber Transit Ticketing Is Averaging a 42% Weekly Growth Rate
Denver’s use of Uber for transit ticketing appears to be gaining traction among commuters. More than 1,200 tickets have been sold through the app since its May 3 launch, Uber Technologies Inc. announced Tuesday. That pegs growth at an average of 42% per week in the launch period, the ride-share …
Read More »COMMENTARY: From Channel to Consumer: Humanizing Payments (Part II)
(Editor’s Note: Part I of this two-part article appeared on Friday.) How can we in the payments business best mirror our services to fit the changing needs of a growing, global consumer base? One way is to focus on the consumer throughout the entire payment process. Almost 50% of consumers …
Read More »Visa Contactless Payments Scores at Women’s World Cup Venues and other Digital Transactions News briefs from 7/5/19
Visa Inc. released data indicating 51% of all purchases across nine stadiums in France hosting the group stage of the FIFA Women’s World Cup France 2019 were done with contactless cards or devices, including wearables and smart phones. The group stage of the soccer tournament ran from June 7 to …
Read More »Adyen Adds Interac Debit on Mobile and other Digital Transactions News briefs from 7/3/19
Online and point-of-sale payments provider Adyen added Interac Debit on Mobile as a payment method for Canadian merchants. The method allows merchants to accept payments through Canada’s national Interac debit network via Apple Pay or Google Pay. Adyen added that it has expanded its agreement with on-demand delivery service foodora …
Read More »PayPal Launches Instant Transfer in Canada Using Visa Direct
PayPal Holdings Inc. added Instant Transfer capability for individuals and small businesses in Canada. The move relies on Visa Direct, a real-time push-payments service. Announced Tuesday, the service can move money from a PayPal account to a bank account via a Visa debit card. All transfers are subject to a …
Read More »Cumberland Farms Adds a Payment Card Option to Its Mobile App
Convenience-store operator Cumberland Farms released a new mobile-payment app with two payment options. In addition to linking to a checking account to pay for fuel at the pump, the SmartPay function within the app also enables consumers to link to a Netspend prepaid account or use a credit or debit …
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